Josh Bivens, research director at the Economic Policy Institute, a liberal-leaning think tank, said the lesson of growth was that government spending can boost the economy. He said the $300 billion, two-year spending increase Congress agreed to earlier this year is the biggest infusion since the Obama stimulus — and it’s reverberating. Still, in a piece Friday morning, he blamed the GOP for a bad mix of policies, saying their tax cuts weren’t helpful, but said some good came out of the spending. “What this past year’s growth acceleration has made clear is that Congress and the president really can use fiscal policy to provide a very quick and sharp boost to the economy — even when they’re being mostly incompetent about it,” he said. “We should insist in the future that this power be used when it’s good for typical families, not just when it’s useful for beating your political opponents.”

The U.S. trade deficit grew rapidly and removed 1.8 percentage points from GDP growth in the quarter. If Trump is trying to boost American competitiveness with its policy actions, it is clearly failing, according to the Economic Policy Institute.

The Economic Policy Institute (EPI), a progressive think tank, argued that it was Republicans who caused the problems that hampered the economy. Former President Barack Obama oversaw an unusually slow economic recovery throughout his time in office. “Congressional Republicans spent a decade strangling economic recovery for political gain,” an EPI report stated. “Millions of American families suffered unnecessarily because of this. They don’t deserve credit for releasing the chokehold now that it’s politically expedient. And the tax cut they constructed with President Trump has been staggeringly tilted toward the rich and as inefficient and wasteful as fiscal stimulus could possibly be.”

With the Trump administration’s trade war with China showing no signs of letting up, new analysis by the Economic Policy Institute says Minnesota workers have lost 88,000 jobs since China entered the World Trade Organization in 2001. The report says the U.S. as a whole lost 3.4 million jobs in that time. Lead author and EPI senior economist Robert Scott says the single biggest cause of growing trade deficits and job losses has been China’s currency manipulation, which he explains has inflated the value of the U.S. dollar by 30 percent or more. (whole story)

An analysis released this week by the Economic Policy Institute suggests the growth in the U.S. trade deficit with China between 2001 and 2017 was responsible for the loss of 3.4 million U.S. jobs, including 1.3 million since 2008. The U.S. had a $375 billion trade deficit with China in 2017, according to the U.S. Census Bureau. In Wisconsin, the trade deficit led to the displacement of 78,700 jobs since 2001, the ninth largest share of any state at 2.67 percent.

Democrat Gavin Newsom has an 11 point lead over his Republican opponent, businessman John Cox, according to the recent Public Policy Institute of California poll. The PPIC poll also found voters closely split between Democrats and Republicans in the 11 Congressional districts that Democrats are trying to flip.(Rob is a guest)

Nervous. They have no idea. Since 2001, when the United States agreed to allow China into the World Trade Organization, U.S. workers have been nervous every day. Twenty-four hours a day. Three hundred and sixty-five days a year. They fear losing their jobs to China. And rightly so. A study by the non-partisan Economic Policy Institute(EPI) released this week shows the growth in the U.S. trade deficit with China between 2001 and 2017 cost 3.4 million American workers their jobs.(EPI cited throughout)

The trade imbalance between the U.S. and China has resulted in job losses in every state and in each of the 435 Congressional districts, the EPI study says. The trade deficit with China has increased by more than $100 billion since the beginning of the Great Recession, and “almost entirely explains why manufacturing employment has not fully recovered along with the rest of the economy,” says the report. California’s unemployment rate decreased to 4.1 percent in September – a record low level dating back to 1976 — but still stubbornly resists dropping below the national average, which was at 3.7 percent in September.

Here is today’s must read: the definitive piece on just how much Chinese abuses of the trading system are costing U.S. workers. Economists Robert E. Scott and Zane Mokhiber, in the most exhaustive study yet of the costs of the lopsided U.S.-China trade, report in an Economic Policy Institute study that since China was admitted to the World Trade Organization in 2001, U.S. trade with China has been responsible for a $100 billion increase in the annual trade deficit—and the loss of 3.4 million U.S. jobs. Three-quarters of the lost jobs were in manufacturing, a sector that pays well above the average wage. All this translates to a direct loss of 1.5 percent of GDP. Manufacturing job losses due to the China trade deficit account for roughly four out of five U.S. manufacturing jobs lost in this entire period. (whole story)

The Economic Policy Institute, a Washington, D.C.-based think tank, released a report Tuesday that says that 3.4 million manufacturing jobs in the U.S. were lost to China since 2001, when China entered the World Trade Organization. The report, called “The China Toll Deepens,” says California has lost more jobs to China than any other state. Some 562,500 jobs were displaced in the Golden State, according to the EPI report. The study attributes this loss to Silicon Valley outsourcing tech jobs and a weakening apparel industry in Southern California. But some skeptics say these numbers are overstated. Critics argue that the study is based on the assumption that products imported from China would have been made in the U.S. But in reality, what these Chinese import merely replaces goods the U.S. would have imported from other countries — like Japan or Korea.

A new report has confirmed what many economists and policymakers have long held: China’s ascension to the World Trade Organization has cost the U.S. economy greatly. Between 2001, when China first entered the WTO, and 2017, the number of U.S. jobs lost as a result of the expanding bilateral trade deficit totaled 3.4 million, according to a new analysis published Oct. 23 by the Economic Policy Institute, a U.S.-based think tank. Nearly three-quarters of those were in manufacturing, with every state and congressional district affected. (whole story)

There are many ways at looking at the effect of the US trade deficit with China. One group, the Economic Policy Institute issued a report on Oct. 23 tying job loss to the growing deficit. In the report, the group says that between 2001 and 2016 the group said the US lost 3.4 jobs. “The growing trade deficit with China affects different regions in different ways,” write the authors of the report. “Some regions are devastated by layoffs and factory closings, while others are surviving but not growing the way they could be if new factories were opening and existing plants were hiring more workers. This slowdown in manufacturing job generation also is contributing to stagnating wages and incomes of typical workers and widening inequality.”

For some reason, Connecticut is kind of obsessed with its standing on various state-by-state lists. High marks for quality of schools, workforce skills. Taxes and cost-of-living? Not so much. So it was interesting to see where Connecticut ranked in a recent report by the liberal-leaning Economic Policy Institute that paints a dim picture of the impact of the U.S. trade deficit with China on American jobs. The trade deficit, now more than $260 billion, cost the U.S. 3.4 million jobs between 2001, when China entered the World Trade Organization, and 2017. Three-quarters of the job losses were in manufacturing, the report concluded. Connecticut ranks in the upper half of states — No. 22 — in terms jobs lost as a percentage of total jobs. (For those interested in the math, it works out to be 38,400 out of 1.6 million, or 2.28 percent.) (EPI cited throughout)

The U.S. trade deficit with China has reduced sharply employment stateside since 2001, according to “The China Toll Deepens,” a new report from the Economic Policy Institute in Washington, D.C. The finding from the EPI’s Robert E. Scott and Zane Mokhiber “examines the job impacts of trade by subtracting the job opportunities lost to imports from those gained through exports.” Their thesis is simple. The bilateral trade deficit in goods between the planet’s two biggest economies is the main cause of the U.S. employment losses that are concentrated in the American manufacturing sector. (whole story)

Scything through heartland America, the human toll has been immense. More than 3.4 million jobs in the United States have been lost since China joined the World Trade Organisation 17 years ago. At least 1.3 million jobs have disappeared in the past decade, fueling the trade war between Beijing and Washington and adding US$100 billion to the US deficit. “The growth of the trade deficit with China between 2001 and 2017 was responsible for the loss of 3.4 million [American] jobs, including 1.3 million since 2008, [which was] the first full year of the Great Recession,” a report released by the Economic Policy Institute, a non-profit, liberal think tank based in Washington, revealed. (whole story)

The explosive growth in the U.S. trade deficit that came from China joining the World Trade Organization cost an estimated 3.4 million jobs, according to a new report released Tuesday. The study of the impact in the growth in the trade deficit between 2001 and 2017, published by the Economic Policy Institute, showed that it hit the manufacturing sector in particular, where 74% of those jobs were lost. (whole story)

China was granted admission to the World Trade Organization (WTO) in late 2001 and since then the U.S. annual trade deficit with China increased from $83.0 billion to $375.2 billion in 2017. That increase has cost U.S. workers 4.14 million lost jobs due to the number of goods imported from China and added 780,000 jobs in U.S. jobs that produced goods for export. The net impact has been the loss of 3.36 million American jobs in the 16 years since China became a full member of the WTO. The data were reported Tuesday morning in a new study from the Economic Policy Institute (EPI) titled “The China Toll Deepens.” EPI has been updating its research on U.S.-China trade and jobs since 2012. The EPI model estimates the amount of labor (number of jobs) required to produce a given volume of exports and the labor displaced when a given volume of imports is substituted for domestic output. The difference between these two numbers is essentially the jobs displaced by the growing trade deficit, holding all else equal. (whole story)

America’s trade deficit with China has cost 3.4 million U.S. jobs since 2001 and is a major contributor to widening economic inequality, according to a study released Tuesday by the Economic Policy Institute. Not surprisingly, the manufacturing sector has suffered the most because of America’s lopsided trade relationship with China, losing 2.5 million jobs between 2001 and 2017. But every state and every congressional district has seen job loss as a direct result of the growing China trade deficit, and the study shows that the wider economy continues to be dragged down by the growing deficit. (whole story)

he United States has a massive trade deficit with China that has ballooned since the world’s most populous nation joined the World Trade Organization (WTO), costing the American economy millions of jobs, and U.S. workers billions in wages, according to an analysis completed by the Economic Policy Institute (EPI). A model run by the EPI, a non-partisan think tank that advocates for low-and-middle income workers, examined the impacts of trade by subtracting the job opportunities lost to imports from those gained through exports. While imports from China have soared, exports to China have not increased by a similar magnitude. The result, therefore, is a loss of 3.4 million jobs in the U.S. between 2001- the year China joined the WTO – and 2017. Job losses have been across the country, while the manufacturing sector has been particularly hard hit. The EPI estimates that 2.5 million manufacturing jobs were lost between 2001 and 2017, about 75 percent of the total losses. (whole story)

A “massive” trade deficit with China has resulted in the lost of millions of jobs in the U.S., but California has been the hardest hit state, according to a study released Tuesday by the Washington, D.C. think tank Economic Policy Institute. To determine how the trade deficit has impacted all 50 states, researchers examined “the job impacts of trade by subtracting the job opportunities lost to imports from those gained through exports.” (whole story)

The US trade deficit with China, which has ballooned since 2001, is responsible for the loss of millions of American jobs, according to a new study. More than 3.4 million US jobs have been eliminated since Beijing joined the World Trade Organisation 17 years ago and has added over US$100 billion to the trade deficit since 2008, according to a report published on Tuesday by the Economic Policy Institute, a non-partisan think tank based in Washington.

About 1.3 million of the job losses have occurred in the last 10 years. (whole story)

Washington’s trade deficit with Beijing has increased dramatically in the 17 years since China joined the World Trade Organization (WTO), costing the U.S. millions of jobs across all 50 states, a new report has shown. The Economic Policy Institute, a Washington, D.C-based nonprofit, released a report on Chinese and U.S. trade relations on Tuesday, outlining the impact of China’s rapid growth, which led it to become the world’s second largest economy. Between 2001, when Beijing joined the WTO, and 2017, U.S.-China trade has cost us 3.4 million American jobs, with losses occurring not just in every state, but also in every Congressional district. (whole story)

Growth in the U.S. trade deficit with China has eroded an estimated 3.4 million American jobs over the past 16 years and also explains almost entirely why manufacturing employment has not fully rebounded in the wake of the Great Recession, new research asserts. The report out Tuesday from the left-leaning Economic Policy Institute describes how, since China joined the World Trade Organization in 2001, U.S. imports from the country have surged, while U.S. exports to China have lagged in comparison. (whole story)

REPORT: TRADE DEFICIT WITH CHINA HAS COST MILLIONS OF U.S. JOBS: The U.S. trade deficit with China has ballooned since Beijing joined the World Trade Organization in 2001, eliminating 3.4 million American jobs, according to a new report from the Economic Policy Institute out this morning.

China has propelled into the second-largest economy at the expense of many U.S. manufacturing plants and jobs, the report shows. “China’s trade-distorting practices, aided by China’s currency manipulation and misalignment and its suppression of wages and labor rights, resulted in a flood of dumped and subsidized imports that greatly exceeded the growth of U.S. exports to China,” the report explains. It also adds that Beijing failed to implement certain policies that would have allowed for a “promised surge” of U.S. goods to China. (whole story)

Massachusetts is among the state’s hardest hit by the United States trade deficit with China, which has grown by $100 billion since the Great Recession and has stripped nearly 100,000 jobs from the state, according to a new study. The Economic Policy Institute, a Washington, D.C. think tank that Northeastern University economist Barry Bluestone helped co-found, reported in its study released Tuesday that every state and Congressional district has lost manufacturing jobs due to the trade deficit. However, few have been hit as hard as the Bay State, and in particular the Third Congressional District. Massachusetts lost 99,100 jobs from 2001 to 2017, or 2.75 percent of its total workforce making it the seventh hardest hit state in the country from competition with China. (whole story)

If the Trump administration wants to get tough on trade with China and other countries, it must take stronger action to address currency manipulation and misalignment and not just impose tariffs on Chinese goods, according to the author of a new study on the effects of trade with Beijing on U.S. manufacturing employment. “I don’t think the tariffs alone are going to solve our trade problems with China,” Robert Scott, a senior economist with the Economic Policy Institute. (paywall, appears to be whole story)

New Hampshire has 24,000 fewer jobs because of the massive trade deficit with China – 3.55 percent of the state workforce in 2017, a larger percentage than any other state in the nation, according to report released Tuesday by the Economic Policy Institute, a liberal think tank. The report blames a $375 billion deficit with China for the loss of 3.4 million jobs in the U.S. manufacturing and high-tech sectors since 2001, when China joined the World Trade Organization. The total includes actual job loss and “job opportunity” loss. (whole story)

America’s trade deficit with China cost the United States 3.4 million jobs between 2001 and 2017, with the losses hitting all 50 states and every congressional district, according to a new study released by the left-leaning Economic Policy Institute (EPI). The report notes that the trade deficit has grown by an average of almost 10 percent a year since China entered the World Trade Organization (WTO) in 2001, ballooning to $375.2 billion last year. (whole story)

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EPI is an independent, nonprofit think tank that researches the impact of economic trends and policies on working people in the United States. EPI’s research helps policymakers, opinion leaders, advocates, journalists, and the public understand the bread-and-butter issues affecting ordinary Americans.